Indian Hotels Co. Ltd. · NSE:INDHOTEL

Indian Hotels — The Indian Hotels Company — H1 FY2007 Earnings Presentation

30 slides from Indian Hotels's earnings presentation, Nov 1, 2006

  1. Slide 1: The Indian Hotels Company Limited Analyst Meet

    The Indian Hotels Company Limited Analyst Meet Results for the Half Year ended September 30, 2006 November 1, 2006 1

  2. Slide 2: Presenter Panel

    Presenter Panel Raymond Bickson - Managing Director Anil P Goel - Senior Vice President, Finance Ajoy Misra - Senior Vice President, Sales & Marketing 2

  3. Slide 3: Outline of Presentation

    Outline of Presentation ƒ Industry trends ƒ Financial performance – 2006/07 ƒ Overview of Taj Group ƒ Merger of 5 Taj Group companies ƒ Questions and Answers 3

  4. Slide 4: Industry Trends

    Hotels Resorts and Pala Industry Trends

  5. Slide 5: Tourist Arrivals – For January to September

    Tourist Arrivals – For January to September Foreign Tourist Arrivals 13% 15% 3.1m 2.7m 2.4m 2004 2005 2006 Source: Ministry of Tourism Continued buoyancy in foreign tourist arrivals in Financial Year 2006 5

  6. Slide 6: Key macro indicators – Travel & Tourism

    Key macro indicators – Travel & Tourism ƒ Projected real growth – 2007 / 2016 Particulars India China Total Demand 8.00% 8.70% Visitor Exports 7.80% 5.40% Personal Travel & Tourism 6.70% 9.90% Capital Investment 7.80% 8.30% Government Expenditure 6.10% 4.90% Source: WTTC 2006 Travel & Tourism econom

  7. Slide 7: City Occupancies – April to September

    City Occupancies – April to September 87 Percentage 82 80 78 76 74 74 71 70 71 72 70 70 68 63 62 60 57 i ad i a re ne a i i lh na ba ba Go at lo b De Pu en um um lk ra ng Ko Ch de M M Ba Hy h h ut rt No So FY07 FY06 Source: Internal Survey Mumbai, Bangalore, Goa & Pune continue to grow, marginal red

  8. Slide 8: City ARRs – April to September

    City ARRs – April to September 12089 Rs/roomday 9739 8241 8407 7730 6995 6602 6163 5922 6061 5466 5029 4514 4627 4620 4425 3482 3350 i ad i a re ne a i i lh na ba ba Go at lo ab De Pu en um um lk ng er Ko Ch M M Ba d Hy h h rt ut No So FY07 FY06 Source: Internal Survey ARR grew across major metro ci

  9. Slide 9: City RevPARs – April to September

    City RevPARs – April to September 9379 Rs/roomday 7395 5885 6059 5480 5156 4654 4391 4239 4142 3686 3733 3716 3337 3239 2748 2497 1918 S - Mum N - Mum Delhi B'lore Chennai Hyd Kolkata Pune Goa FY07 FY06 Source: Internal Survey Thus, RevPAR grew - 25% to 45% 9

  10. Slide 10: Financial Performance

    Financial Performance Half Year ended September 30, 2006 10

  11. Slide 11: Highlights – For Half Year ended September 30, 2006

    Highlights – For Half Year ended September 30, 2006 Turnover of Rs.563 crores - up by 30% EBITDA of Rs.162 crores - up by 57% PBT of Rs.121 crores – up by 94% PAT of Rs.85 crores – up by 95% EPS (Diluted) higher at Rs. 1.45 CY vs Rs. 0.75 PY 11

  12. Slide 12: Turnover Trend

    Turnover Trend 563 433 Rs. Crores 351 293 226 182 Quarter 2 Half Year FY05 FY06 FY07 Half year & Quarter 2 growth - 30% over last year 12

  13. Slide 13: EBITDA Trend

    EBITDA Trend Rs. Crores 163 103 84 63 57 33 Quarter 2 Half Year FY05 FY06 FY07 Half year growth - 58% over last year Quarter 2 growth – 47% over last year 13

  14. Slide 14: Financial Results – For half year ended September 30, 2006

    Financial Results – For half year ended September 30, 2006 Rs. Crores 2006/07 2005/06 % Change Sales & Other Operating Income 524.00 410.88 28 Other Income 39.27 22.36 76 Total Income 563.27 433.24 30 Consumption of Raw Material 46.37 39.52 17 Staff Cost 119.60 95.67 25 License Fees 54.87 41.80 31 F

  15. Slide 15: Financial Results – Half year revenue breakdown

    Financial Results – For half year ended September 30, 2006 Rs. Crores 2006/07 2005/06 % Change Room sales 274.56 202.05 36% F&B Sales 190.84 164.94 16% Other operating income 31.33 24.37 28% Management fees 27.27 19.52 40% Other Non operating income 39.27 22.36 76% Sales & Other Operating Income 563

  16. Slide 16: ARR & Occupancy

    ARR & Occupancy ARR RevPAR Occupancy (Rs) (Rs) 2006/07 2005/06 2006/07 2005/06 2006/07 2005/06 Change Q1 66% 65% 7337 5576 4836 3603 34% Q2 66% 64% 7583 5639 4996 3636 37% Half year 66% 65% 7461 5608 4916 3620 36% Buoyant market conditions lead to 33% growth in ARRs 16

  17. Slide 17: Highlights – Quarter ended September 30, 2006

    Highlights – Quarter ended September 30, 2006 Turnover at Rs.293 crores – an increase of 30% EBITDA at Rs.84 crores - higher by 48% PBT at Rs.63 crores - higher by 73% PAT at Rs.46 crores – increase of 75% 17

  18. Slide 18: Financial Results – Quarter ended September 30, 2006

    Financial Results – Quarter ended September 30,2006 Rs. Crores 2006/07 2005/06 % Change Sales & Other Operating Income 266.66 208.62 28 Other Income 26.61 17.51 52 Total Income 293.27 226.13 30 Consumption of Raw Material 23.52 20.11 17 Staff Cost 60.56 48.11 26 License Fees 27.96 21.19 32 Fuel, Pow

  19. Slide 19: The Taj Group - Overview

    The Taj Group - Overview 19

  20. Slide 20: Overview of Taj Group

    Overview of Taj Group Particulars H1 2006/07 H1 2005/06 H1 2004/05 No. Of Hotels (as on date) 76 67 63 Inventory (as on date) 9182 8219 7973 Total Income – Rs crores 1584 1180 931 Total revenues grew by 34% over previous year 20

  21. Slide 21: New properties

    New properties ƒ 9 properties added by Taj Group in last 12 months 2005 2006 The Pierre, New Blue, Sydney York 100 Rooms 201 Rooms Taj Langkawi Umaid Bhavan 104 Rooms 26 Rooms Ginger, Haridwar Taj Chandigarh 101 Rooms 152 Rooms Gateway, Surat Green Cove, 132 Rooms Kovalam Ginger, 57 Rooms Bhubaneshw

  22. Slide 22: Merger of 5 Taj Group Companies

    Merger of 5 Taj Group Companies 22

  23. Slide 23: Merger Plan

    Merger Plan ƒ Proposed merger of the following Taj group companies into IHCL ƒ Taj Lands End Ltd. ƒ Asia Pacific Hotels Ltd. ƒ Indian Resort Hotels Ltd. ƒ Gateway Hotels & Getaway Resorts Ltd. ƒ Kuteeram Resorts Pvt. Ltd. ƒ Effective date – April 1, 2006 23

  24. Slide 24: Merger Plan - Structure

    Merger Plan - Structure TLEL APHL IHCL IRHL GHGR KRPL Merged IHCL 24

  25. Slide 25: Properties of Companies merged

    Properties of Companies merged Taj Lands End, Mumbai Gateway, Bangalore 25

  26. Slide 26: Properties of Companies merged

    Properties of Companies merged FABR, Goa Kuteeram, Bangalore Taj Exotica, Goa 26

  27. Slide 27: Rationale for merger

    Rationale for merger ƒ Revenue – Increase in IHCL’s turnover – Increase in IHCL’s room inventory by 10% ƒ Costs – Reduction in effective Interest rates ƒ Shareholder Benefits – Diversified Risks – Improved Liquidity – Value visibility ƒ General – Reduction in Legal Entities 27

  28. Slide 28: Other points

    Other points FCCB fully converted into equity Stock split to par value of Re 1 per share effective October 27, 2006 Ginger Hotels at Trivendrum & Mysore commissioned in October 2006 Ginger, Pune to be commissioned in November 2006 Rs.160 crores committed for a new business hotel in Bangalore New Man

  29. Slide 29: IHCL stock Performance

    and Palaces g@ INDIAN HOTELS COMPANY @ BSE30 | 29

  30. Slide 30: Thank you

    Thank you 30

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